Directors of phoenix companies could find themselves personally liable
![Directors of phoenix companies](https://myinsolvency.co.uk/wp-content/uploads/2021/10/Copy-of-Copy-of-Copy-of-Glossary-32.png)
HMRC are looking to come down hard on individuals/directors of businesses who have run up tax liabilities in a business and are looking to avoid paying the liability by placing the company into an insolvency procedure (i.e. an insolvent liquidation) whilst setting up the same/similar business (a phoenix that rises from the flames of the […]